Apple and Amazon are the only companies at the moment, valued to have hit the trillion dollar mark. however, other companies are seriously trailing pack to join the elite club.
three out of the five companies soon to hit market capitalization of a trillion dollar are virtual companies that operate online, this is to tell you that the world finance is now more domicile on the web and things are changing. Here are the top brands joining the trillion dollar Elite club of companies.
three out of the five companies soon to hit market capitalization of a trillion dollar are virtual companies that operate online, this is to tell you that the world finance is now more domicile on the web and things are changing. Here are the top brands joining the trillion dollar Elite club of companies.
Microsoft currently worth $830 billion. It is One of the world's oldest and best-known technology companies had another blockbuster quarter, recording revenue of $30.1 billion, a 17 percent increase from the year-ago period. Consolidation of the company’s cloud business could deliver steady revenue and growth over time, making it the analysts’ favourite to surpass the $1-trillion mark by the end of the year.
Alphabet Inc, the parent parent company of Google is worth $815 billion, third quarter clocked $32.7 billion in revenue, a 26 percent increase over the second quarter of 2017. Currently, the company needs an increase of 13.7 percent in its market cap to reach the four comma mark.
Berkshire Hathaway worth is $494 billion , is trailing behind Google and Microsoft to reach the trillion-dollar mark. Analysts are of the opinion that with net earnings per share almost tripling from $4.3 billion to $12.0 billion in Q2, Berkshire will grow at a faster clip when compared to peers, in this financial year with a larger-than-life CEO in his late-80s to do the magic. Berkshire Hathaway needs a 93 percent increase in market cap to join the trillion-dollar club.
Facebook is peg at $510 billion. Owned by The Mark Zuckerberg, he has had a lean year, having to fend off criticism over the use of its platform for propagating fake news and hate speech. It also admitted to a data breach, undermining the trust of users on the social network. Nearly $120 billion in market capitalization was wiped out in the course of months. It now needs a 97 percent increase in market cap to hit the $1-trillion mark.
Alibaba Group, the one world's biggest online shopping website, worth about $503 billion. Since the beginning of the year, the Chinese e-commerce behemoth has fallen off the pace in its bid to reach the trillion-dollar club. Its stock plummeted 18 percent from its intra-year high, with fears of a trade war looming in the distance. Nonetheless, the company is mounting a credible challenge by tailgating American rivals in the race to the four comma mark.
(Image: Reuters)
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